Musharaka IPO Fund

Shariah Compliant

Unit Price:
9.7454
(0.2071)(2.0809) % Last Update: 14-08-2017

Investment Strategy

The fund's strategy based on investing in the initial offerings and shares of companies that hadn't been five years since it was listed on the Saudi stock market and parallel market, and compliant with Islamic Shariah.

Fund Facts

Fund Manager

Musharaka Capital

Domicile

Saudi Arabia

Eligibility

All investors

Fund Category

Equity

Fund SubCategory

Shariah Compliant

Inception Date

02-11-2014

Inception Price

10.00

Valuation Period

Bi-Weekly

Valuation Basis

The fund's assets are valued based on Volume Weighted Average Price.

Fund Name

Musharaka IPO Fund

Short Name

EQ01

Fund Objective

The fund aims to achieve capital growth over the long term, and achieve performance that exceeds the benchmark performance of the fund..